Market Insights:
Market Research Future (MRFR)’s new analysis reveals that the global telecom power system market is projected to expand at a CAGR of 10% during the forecast period. The valuation of the market is poised to reach USD 5 Bn by the end of 2022. The growth can be attributed to the rising penetration of telecom towers in both rural and urban regions. The crossover of telecom industry and IT industry has opened new avenues of growth for the market players.
The substantial growth of the mobile data traffic has expanded the network coverage exponentially which has, in turn, necessitated the establishment of more cell sites. This is likely to have a favorable impact on the growth of the Telecom Power System Market over the next couple of years. Furthermore, the shift towards non-renewable energy has facilitated the penetration of the rural market. It is likely to influence the expansion of the global market positively through the projection period.
The boom witnessed in the telecom industry reflects on the growth of the telecom power system market. The expansion of the 3G and 4G networks have revolutionized the market, and it is expected to witness more growth with the adoption of 5G services. The penetration of mobile devices coupled with the rapid adoption of hybrid power systems is anticipated to catapult the telecom power system market on an upward trajectory. Nevertheless, high cost associated with the management of business operations is poised to hold the market growth during the review period.
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Key Players
The prominent players in the market of Telecom Power System market are –Eaton (Ireland),Huawei Technologies Co. (China), Schneider Electric (France), Delta Electronics (Taiwan), GE Industrial Solutions (U.S.), Emerson Network Power(U.S.),Microtek International Inc.(U.S.),Mitsubishi Electric Corporation.(Japan),AEG Power Solution B.V.(Netherlands) and among the others.
Industry News:
In July 2018, Verizon Wireless, the U.S., announced the launch of its 5G services in Houston.
In July 2018, Polar Power, the U.S., set its foothold in the Namibian market by receiving a US 800 Mn worth purchase order for the construction of new cell sites.
In October 2018, Bharat Sanchar Nigam Limited (BSNL) has partnered with Nokia, Finland, for supplying, installing, commissioning, and maintaining Smart Telecom Poles across India in all of BSNL’s telecom circles.
In October 2018, Ericsson, a Swedish Multinational Company, commenced the export of 5G-ready telecom equipment from its manufacturing plant in India to Southeast Asia.
Market Segmentation:
- By components, the telecom power system market has been segmented into converter, inverter, rectifier, and head management system.
- By type, the global telecom power system market is segmented into high pressure, atmospheric pressure and low pressure.
- By grid, the telecom power system market has been segmented into on grid, and off-grid.
Regional Analysis:
By region, the global telecom power system market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to witness substantial growth over the assessment period owing to the large-scale market penetration by telecom towers. The region covers more than 2 billion subscribers and encompasses fast-developing economies such as India and China. It is likely to augment the telecom power system market in the region. The expansion of 4G LTE and 3G networks have favored the growth of the market exceptionally in the recent years and is projected to keep fueling demand in the telecom power system market.
Europe is a promising regional market which is poised to register a significant CAGR over the next couple of years. The shift towards eco-friendly power alternatives for telecom sites is likely to catalyze the expansion of the telecom power system market in the region. North America is another important growth pocket of the global market. The introduction of 5G services is anticipated to drive the growth of the regional telecom power system market.
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Intended Audience
- Telecom Tower Companies
- Mobile Network Operators
- Telecom Infrastructure Provider
- Research Consulting Companies
- Power System Providers
- Power System Distributors
- Original Equipment Manufacturers
- Component Manufacturer of Power System
- Government
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